HC Deb 17 March 1949 vol 462 c206W
Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer what is his policy with respect to the purchase of hard currency goods by members of the Transferable Account Area, through third countries, for sterling.

Sir S. Cripps

His Majesty' Government considers that the traffic to which the hon. and gallant Member refers, which twists trade out of its normal channels, is damaging to the position of sterling, and is approaching the members of the Transferable Account Area as opportunity offers with a view to stopping it.

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